A firm would like to raise R1 000 000.00 while maintaining the same capital structure. It has the following information: - Total assets of 8 million, Debt is 3 million and Equity 5 million. - It can issue 15-year 12% bonds with a yield of 10%. - Flotation cost per bond is R120 and for a share is R10 - The last dividend was R5, all new finance will be from new issues of debt and equity. Growth for the foreseeable future is estimated at 10%. - Tax rate is 40%, 100 000 shares outstanding. Answer the questions below: i. How many bonds must be issued to raise the portion of the R1m that must be funded by Debt? (Determine Net Proceeds from each bond first) [2 marks] ii. Determine the cost of new issues of equity [3 marks] ill. How many shares must be issued to raise the portion of the Rim that will be funded by Equity? [2 marks] iv. Calculate the weighted Average Cost of Capital for the additional funds. (External Funding) [3 marks]